ATS (TSE:ATS) Stock Price Target Cut by National Bank Financial

ATS (TSE:ATS) had its price target decreased by equities research analysts at National Bank Financial from C$42.00 to C$41.00 in a report released on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price objective indicates a potential upside of 68.72% from the company’s current price.

A number of other equities research analysts have also commented on the company. Stifel Nicolaus decreased their price target on ATS from C$44.00 to C$41.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank Of Canada cut their price objective on ATS from C$41.00 to C$36.00 and set an “outperform” rating for the company in a research report on Thursday. TD lowered ATS from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$49.00 to C$33.00 in a research note on Monday, August 10th. Desjardins decreased their target price on ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, TD Securities lowered ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$36.06.

ATS Trading Down 1.2%

TSE:ATS traded down C$0.29 during mid-day trading on Thursday, hitting C$24.30. The company’s stock had a trading volume of 381,272 shares, compared to its average volume of 319,049. The company has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 50.62 and a beta of 0.96. ATS has a fifty-two week low of C$23.84 and a fifty-two week high of C$49.48. The stock has a fifty day moving average of C$26.32 and a 200-day moving average of C$36.65.

ATS (TSE:ATS) last released its quarterly earnings results on Wednesday, November 4th. The company reported C($0.05) EPS for the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%. The firm had revenue of C$665.77 million during the quarter.

About ATS

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.